0001209191-15-032373.txt : 20150403 0001209191-15-032373.hdr.sgml : 20150403 20150403170031 ACCESSION NUMBER: 0001209191-15-032373 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150401 FILED AS OF DATE: 20150403 DATE AS OF CHANGE: 20150403 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Paramount Group, Inc. CENTRAL INDEX KEY: 0001605607 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 320439307 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY, SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-237-3100 MAIL ADDRESS: STREET 1: 1633 BROADWAY, SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Walsh Michael R. CENTRAL INDEX KEY: 0001637104 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36746 FILM NUMBER: 15751791 MAIL ADDRESS: STREET 1: 1633 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-04-01 0 0001605607 Paramount Group, Inc. PGRE 0001637104 Walsh Michael R. C/O PARAMOUNT GROUP, INC. 1633 BROADWAY, SUITE 1801 NEW YORK NY 10019 0 1 0 0 EVP, CFO and Treasurer Stock Option 19.08 2015-04-01 4 A 0 100000 0.00 A 2025-03-31 Common Stock 100000 100000 D LTIP Units 2015-04-01 4 A 0 90000 0.00 A Common Stock 90000 90000 D LTIP Units 2015-04-01 4 A 0 27990 0.00 A Common Stock 27990 27990 D The option vests in five equal installments on each of April 1, 2016, 2017, 2018, 2019 and 2020, subject to continued employment. LTIP Units granted pursuant to an employment agreement dated as of March 26, 2015, between the reporting person and the issuer. The LTIP Units vest as follows: 22,500 LTIP Units on April 1, 2016, 22,500 LTIP Units on April 1, 2017, 15,000 LTIP Units on April 1, 2018, 15,000 LTIP Units on April 1, 2019 and 15,000 LTIP Units on April 1, 2020, subject to continued employment. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The rights to convert vested LTIP Units into OP Units and redeem OP Units do not have expiration dates. Represents LTIP Units issued pursuant to the Paramount Group, Inc. 2015 Performance Program (the "2015 Program"). The LTIP Units granted pursuant to the 2015 Program will vest 50% on the date that performance is determined under the 2015 Program following the conclusion of the three-year performance period ending March 31, 2018, 25% on April 1, 2019, and 25% on April 1, 2020, subject to the achievement of performance criteria and continued employment. /s/ Gage Johnson as attorney-in-fact for Michael R. Walsh 2015-04-03